THERMAX3,640.00

Thermax Ltd.

· Capital Goods & Defence
₹ CrorePeersBHELTRITURBINEAIAENGAPARINDSESCORTSHONAUTPREMIERENEKEIMcap ₹41,005 Cr
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In ₹ Crore except Per Share
12 Months Ending
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Last 12M
30/06/2026
Non-current Assets
+ Property, Plant & Equipment1,874.52,615.22,867.92,867.9
+ Capital Work-in-Progress519.4560.81,391.81,391.8
+ Goodwill3.080.280.280.2
+ Other Intangibles28.6110.599.599.5
+ Intangibles under Development5.41.750.050.0
+ Investments (Equity Method)19.19.79.39.3
+ Non-current Investments382.6121.0497.5497.5
+ Long-term Loans4.34.63.83.8
+ Trade Receivables — Non-current150.6147.90.00.0
+ Other Non-current Financial Assets234.9544.1652.2652.2
Non-current Financial Assets772.4817.51,153.51,153.5
+ Deferred Tax Assets108.6154.4174.7174.7
+ Other Non-current Assets374.0366.0346.4346.4
Total Non-current Assets3,704.94,716.06,173.36,173.3
Current Assets
+ Inventories764.9720.3909.5909.5
+ Current Investments1,363.51,567.91,276.71,276.7
+ Trade Receivables2,116.42,417.52,204.82,204.8
+ Cash & Cash Equivalents486.6417.7674.5674.5
+ Other Bank Balances488.7736.9516.2516.2
+ Short-term Loans1.11.31.31.3
+ Other Current Financial Assets562.7812.9158.6158.6
Current Financial Assets5,019.15,954.14,832.14,832.1
+ Other Current Assets663.6636.41,358.11,358.1
Total Current Assets6,448.17,312.97,108.87,108.8
Total Assets10,153.012,038.013,282.113,282.1
Equity
+ Equity Share Capital22.522.522.522.5
+ Other Equity / Reserves4,417.34,914.45,527.45,527.4
Equity — Owners of Parent4,439.84,936.95,550.05,550.0
+ Minority Interest0.05.729.229.2
Total Equity4,439.84,942.65,579.25,579.2
Liabilities
+ Borrowings — Non-current789.51,161.61,615.81,615.8
+ Other Non-current Financial Liab67.5137.5136.7136.7
Non-current Financial Liabilities905.11,353.41,752.51,752.5
+ Provisions — Non-current42.440.447.747.7
+ Deferred Tax Liabilities12.330.040.240.2
+ Other Non-current Liabilities28.136.542.242.2
Non-current Liabilities987.91,460.41,882.61,882.6
+ Borrowings — Current466.5531.8672.2672.2
+ Trade Payables1,532.91,696.62,057.42,057.4
+ Other Current Financial Liab194.5230.8623.3623.3
Current Financial Liabilities2,193.92,459.23,352.93,352.9
+ Provisions — Current305.3374.1324.5324.5
+ Current Tax Liabilities41.191.232.432.4
+ Other Current Liabilities2,185.12,710.62,110.52,110.5
Current Liabilities4,725.45,635.15,820.45,820.4
Total Liabilities5,713.27,095.47,702.97,702.9
Total Equity & Liabilities10,153.012,038.013,282.113,282.1
Assets — additional as-filed lines
+ Non-current Assets Held for Sale0.09.10.00.0
+ Current Tax Assets0.52.19.19.1
Liabilities — additional as-filed lines
+ Trade Payables — Non-current48.254.40.00.0
Trade Payables — MSME split
+ Dues to Micro & Small — Current749.8938.2938.2
+ Dues to Other Creditors — Current946.91,119.21,119.2
+ Dues to Other Creditors — Non-current54.40.00.0
As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.
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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreementXBRL cross-verified ✓ 95%.